Elara is the eighth phase of Madinat Jumeirah Living by Meraas, which is adjacent to the iconic Burj Al Arab. The project comes as part of the Urban Edition collection, following the success of Jomana.
Elara is the eighth phase of Madinat Jumeirah Living by Meraas, which is adjacent to the iconic Burj Al Arab. The project comes as part of the Urban Edition collection, following the success of Jomana. It features an array of 1-3 bedroom apartments and three 4-bedroom penthouses for acquisition. The property sizes range from 716 sq. ft to 10,059 sq. ft. Among the key features of the layouts are a balcony and a laundry room. The 3- and 4-bedroom residences come with a maid’s room. The development will house an array of world-class amenities for wellness and recreation.
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About the Developer
State-owned developer
Meraas delivers world-class residential, commercial and infrastructure projects that strengthen Dubai's position as a global investment destination. The company’s main focus is on innovation in their respective field. Key projects in Meraas’ portfolio are Port de La Mer, Jumeirah Bay, City Walk Residences, Bluewaters Residences, Nikki Beach Residences, Bvlgari Residences and La Mer Maisons.
53
Completed projects
2007
Year of foundation
Meraas is the developer of Elara.
It is part of Madinat Jumeirah Living in Umm Suqeim.
Among proposed units are 1-3 bedroom apartments and 4-bedroom penthouses.
The development is due for completion in Q4 2026.
You can take advantage of an excellent 70/30 payment plan, which includes a 20% booking fee.
As of September 2023, the starting price for an apartment is AED 2.3M (USD 626K). A penthouse can be acquired for a minimum of AED 10.95M (USD 2.98M).
Yes, you can obtain residency if you decide to invest in Elara real estate.
You and your family have the opportunity to obtain a 10-year Golden visa, priced at AED 2M (USD 545K).
Yes, since the project is freehold.
Elara real estate is an excellent investment, as 1-bedroom apartments in Madinat Jumeirah Living offer a gross ROI of 7.5% on average. The starting rental price is AED 115K (USD 31K) per annum.
It is a great residential option for singles, young couples and families with children. The infrastructure of the development is outstanding.
Madinat Jumeirah Living is located in one of Dubai’s most prestigious areas, with easy access to numerous amenities. These include Golden Beach Nursery, First Steps Nursery Montessori, Seven D Medical Center and Emirates NBD, to name a few.
Metropolitan Premium Properties is a RERA-licensed real estate brokerage in Dubai (ORN 11899), part of the Metropolitan Group established in 2008. The agency has 1,000+ professionals across offices in Dubai, Abu Dhabi, Ras Al Khaimah, and Vienna, and covers residential and commercial sales, off-plan investments, rentals, and property management. The company has closed 6,000+ transactions totalling over AED 15 billion in investments and holds 120+ industry awards.
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